Research and Markets has announced the addition of the "Global Fullerene Market 2015-2019" report to their offering.

The analysts forecast the global fullerene market to grow at a CAGR of 13.96% during 2014-2019.

Fullerenes are a group of carbon molecules that are available in various forms such as ellipsoids, spheres, and hollow tubes. These nanoscale structures display unique thermal, conductive, and chemical characteristics by virtue of their physical structure and composition. Bucky balls, CNTs, and nanorods are some of the types of fullerenes, of which CNTs are the most widely produced and consumed type. Most of these fullerenes are produced using easily available substrates such as graphite, coal, and hydrocarbon fuels.

The report, Global Fullerene Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of fullerenes, their end-uses, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. It also characterizes the competition in various geographies using Herfindahl Index. The report further includes a discussion of the key vendors operating in this market.

According to the report, the most important driving factor in the fullerene market is the increase in state funding for nanotechnology-focused R&D projects. Innovations in nanotechnology are spearheaded by various private and state-funded institutes that seek novel applications in the fields of medicine, defense, and aeronautics. Japan and the US are the leading nations in terms of total funded R&D expenditure. For instance, the US federal budget of 2016 allocated more than $1.5 billion under the NNI to support innovation and R&D in the field of nanotechnology. This allocation takes the total cumulative investment of the state to $22 billion since 2001. Other federal agencies such as the NIH, NSF, DOE, DOD, and NIST also make large investments in the field of fullerenes and nanomaterial research. Similar investments are being observed in China and Japan, where state-funded university research programs are making significant breakthroughs in exploring commercial applications for fullerenes.

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